Viviane Reding, the Vice President of the European Commission and Commissioner for Justice, spoke about “Europe, the Law, and the German legal profession: a comment from Luxembourg” at last week’s German Jurists Forum in Munich (see my earlier post on the Forum). The focus of her speech was on the German legal debate on the Euro rescue plans – that’s somewhat off topic in this blog, as important as it is, and we leave it to verfassungsblog.de and others to comment upon. But Viviane Reding devoted a couple of sentences to more mundane issues, such as the plans for group or class actions in the European Union. Here’s what she had to say: Read More
Category: Class Actions
“Class Actions or Mass Actions – The Experience of Litigators and Financial Institutions” at the IBA Conference, Dublin, October 4, 2012
At this year’s Annual IBA Conference in Dublin, the Banking Law Committee and the Litigation Committee will be presenting a joint session on “Class Actions or Mass Actions – The experience of Litigators and Financial Institutions”. I will be speaking about the German approach to collective actions – readers of the blog will be familiar with KapMuG –
which will be put into perspective and compared to the approaches taken in other jurisdictions. See you in Dublin!
Class Actions in Germany: KapMuG Extended Until 2020 – Modest Change of Scope
Kapitalanlegermusterverfahrensgesetz (Capital Market Investors’ Model Proceeding Act), or KapMuG for short, is the closest thing German law has to a class action. In its current form, the Act would have expired on October 30, 2012. Early on, there was consensus that the Act would be extended, and German parliament has now decided to do so, for another eight years, but with some modifications.
Collective Redress in Antitrust – A European Study
Collective redress remains a hot topic on all European levels, and the European Parliament takes an active role. Its Committee on Economic and Monetary Affairs has commissioned a study on Collective Redress in Antitrust, published in June 2012. Read More